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...German Chancellor Angela Merkel said that the bill represented a "sea change" for the U.S., so long a world pariah on climate change. "I would not have thought it possible a year ago," she added. But the bill's emissions cuts still fall far short of what the European Union has proposed, and are even further away from the massive short-term cuts major developing countries have demanded. "In terms of what the U.S. will take on as a target, one year doesn't make up for the last eight years, so we'll have to wait and see," says...

Author: /time Magazine | Title: What the Energy Bill Really Means for CO2 Emissions | 6/27/2009 | See Source »

...critics, the bill does have the backing of dozens of groups, including unions - even steel workers and coal miners - as well as six of the seven largest utilities, the Nuclear Energy Institute and, tacitly, Wall Street, which will benefit from the creation of a massive new energy-trading market. The majority of environmental groups support the bill, including the Natural Resources Defense Council and the League of Conservation Voters, even if some groups feel that the measure is too weak. When Waxman announced the agreement in a press conference Wednesday, about 30 supporters wearing T shirts and carrying placards that...

Author: /time Magazine | Title: Global-Warming's Rough Ride Through Congress | 6/26/2009 | See Source »

Geoff Carens, a Harvard librarian and a member of the Harvard Union for Clerical and Technical Workers, used a loudspeaker to lead the protestors in chants that included "The people, united, will never be defeated" and "They say cutback, we say fightback; They say lay off, we say back...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Staff, Activists Protest Layoffs | 6/25/2009 | See Source »

America was caught off guard in the 1950s when the Soviet Union launched its first Sputnik satellite. It looks as if history may repeat itself, but this time the arena is more down to earth. In August, the leaders of Japan, China and South Korea will hold a trilateral summit to discuss how they can pool their resources and expertise to develop and commercialize emerging green technologies. Who knows what world-beating products and processes will result from a successful collaboration...

Author: /time Magazine | Title: Asia Challenges the U.S. for Green-Tech Supremacy | 6/25/2009 | See Source »

...McCain also lost, because of the bluster and false analogies of his comments. He compared Obama's diffidence to Ronald Reagan's forcefulness in proclaiming the Soviet Union an "evil empire" in the 1980s - but even the most pro-American Iranians were infuriated by George W. Bush's attempt to lash their country into an "axis of evil" with their mortal enemy Iraq and North Korea. The situations in Iran and the Soviet Union were nowhere near analogous. Iranians in the streets were looking for greater freedom, not the overthrow of the regime. The neocon effort to turn the Iranians...

Author: /time Magazine | Title: Can the U.S. Deal with a Divided Iran? | 6/25/2009 | See Source »

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